Labor shortages crimp Japan’s booming property industry

Labor shortages crimp Japan's booming property industry Labor shortages crimp Japan's booming property industry

TOKYO — Labor shortages are threatening to undermine Japan’s otherwise booming property development industry by causing delays and overruns in construction projects, from government buildings to apartment blocks to logistics facilities.

ESR, a Hong Kong-based real asset owner and manager that operates warehouses across Asia, is experiencing the effects firsthand.